Payments startup Spenmo said to be raising up to $50m from Insight Partners, others

The Spenmo team.

Singapore-based payments software startup Spenmo is raising up to $50 million from Insight Partners and other investors, according to several sources close to the development.

The sources told DealStreetAsia that Spenmo was targeting to raise $30 million from the round, which continues to be heavily subscribed by investors. One industry source added that the Singapore fintech firm may have received as much as $100 million in the round.

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